How are you doing? Hope all is well. Check out this blog that I wrote on Deanwood DC Real Estate Market Report. Hope you find it helpful for you. http://activerain.com/blogsview/4349898/deanwood-dc-zip-code
We work in the Deanwood area and primarily rely on our in depth research to predict market trends. We have state of the art statistical tools we specifically use that measure a number of key factors we have identified as reliable indicators of development. Many of our clients in the Deanwood area have asked us the exact same question you are concerned with. However, we do not use a cookie cutter approach but provide consultation based on each of our clients specific needs and goals.
If you are interested, we would be more than glad to prepare a free report as well as a complimentary consultation for you so you have an idea of all your options.
With the current trends; homes west of the river will increase in price before your home.
More importantly is what mortgage interest rates will do over the next few years. Mortgage rates are still very, very low. This will change. If interest rates go up 1 percent; it will even more hurt the chances of making a new home more affordable.
Check out: http://metrodchouses.smarthomeprice.com to see what your home is worth.
That depends, are you occupying the house or renting it?
If you are occupying and can afford to buy where you want and still rent out this house, that would be the ideal situation. I believe that neighborhood is still about 4-5 years away from being a "hot" neighborhood. It IS coming! DC's plans for all the infrastructure and development going in are going to dramatically change how buyers look at that area (think south of I395 before Nats Stadium), but they are just in the beginning stages. Once the new stadium for DC United is completed (they haven't even broken ground yet!) that is when things will really start to heat up.
Unfortunately, if your desire is to move back west of the river by the time all of the above happens, both prices and interest rates will have climbed significantly.
A good rule of thiumb is that you should be in the best property in the best neighborhood that doesn't squeeze you too much financially, and that''ll contribute to your net worth the most expeditiously.